Detail Financial deregulation, interest rates and the banking industry: The case of Malaysia Bibliografi Author: Driskill, Robert A. (Advisor); Singh, Sukudhew Topik: ECONOMICS; GENERAL|ECONOMICS; FINANCE|ECONOMICS; HISTORY Bahasa: (EN )    ISBN: 0-591-33819-X     Penerbit: Vanderbilt University     Tahun Terbit: 1997     Jenis: Theses - Dissertation Fulltext: 9724990.pdf (0.0B; 2 download) Abstract This dissertation looks at the success of financial deregulation from two perspectives. First, it attempts to determine whether the liberalization measures were successful in generating prices that are market determined--in that they fully reflect the supply and demand conditions existing in the financial system. The behavior of both nominal and real interest rates in the pre- and post-liberalization periods are compared. In addition, I also look at the spreads between lending and deposit rates, the relationship between domestic and foreign interest rates, and the linkage between the wholesale interbank money market rates and the retail interest rates on deposits and loans. The second part of the dissertation looks at the effects on competition and efficiency in the banking industry. Under a liberalized regulatory environment, it is commonly thought that increased competition puts pressure on the banks' profit margins, inspiring greater efficiency through cost reduction. The study looks at bank competition in the post-deregulation period using non-structural techniques. The question of bank efficiency is addressed within the framework of the nonparametric data envelopment approach (DEA). Lastly, I look at the post-deregulation profitability of the banking industry during the 1980s and early-1990s. The overall conclusion of this study is that, at least for the period after the mid-1980s, the deregulation of interest rates has resulted in retail deposit rates that more closely reflect market conditions. The lending rates of the banks are still subject to some regulation and their response to changing market conditions remains sluggish. The evidence also suggests that the deregulation did not have much of an effect on competition and efficiency in the banking industry during the 1980s. There is also no evidence to suggest that bank profitability was adversely affected by the deregulation. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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